they seem to have a negative reputation when it comes to funding companies (think uber, wag, and wework). when yoy see the name softbank as an investor, should you run?
I have had a similar reaction. Seems they fund some risky companies and there’s a lot of turnover/restructuring as a result of business adaptation.
No VC has a 100% success ratio. You win some, you lose some. Judge the company based on the product and not its investors.
SoftBank had so much money they over inflated companies. Remember when you work for a company you are buying their stock. Would you buy their stock at the current level if they were a public company? A $1B exit sounds great. It’s not if you were worth $3B before. Unless you were in super early you’ll likely do better off at a $10M company that gets bought for $400M
The majority of this negativity is recent due to Wework. VC looks at different fundamentals & metrics than the average person. Assuming you’re excited about the company & it’s product, then it comes down to your timing. If you time your entry & exit well, it’s worth it.
Stay away from SoftBank companies, their valuation are scams and a lot of other underhanded shit going on. Just checkout their portfolio companies lots of overvalued hubris.
What was your experience like working at WeWork? Are you at another SoftBank funded company now? I just accepted an offer from a smaller company they funded just this last year.
Wework was insane. burning money and getting nothing done since we could afford to hire 3-4 layers of infighting management, have multiple groups build the same thing without having any customers for it, etc...
Ok
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